Breakout of long term Resistance trendline. With Good Volume amount.
Good to Buy on my POV for Tgt of ₹ 120.
On 1 Hour Time frame already have 50-200 moving average crossover and good support on daily time frame also.
Simple and basic analysis ---
Symmetrical Triangle Formation
in up trending stocks Ambujacem with
good support of 50 moving average.
Safe investor Can wait for breakout for
confirmation for Target of ₹330
And risky trader can buy on dip
Note : Not a Trade Tip or call, Just my Point of view on my analysis
Here I am new and learning all about trading and analyzing and this is the best platform to interact with the professionals and masters.
Here is my question is just that am I analyzing correct inverted cup and handle pattern in icici bank in hourly chart pattern ?